Bitcoin BTC$67,115.51 recovered 0.7% on Wednesday, but remains at a crucial crossroads after a 9.5% decline since Sunday. The largest cryptocurrency traded recently near $67,000, firmly in the middle of a range that persisted between February and April after a failed breakout attempt above $81,000… Read More
A week ago, CoinDesk informed readers of the renewed rotation of funds into dollar equivalents such as tether USDT$0.9987 and USD Coin (USDC) stablecoins as bitcoin BTC$65,658.81 pulled back from the early May highs above $80,000. That combination was an early warning sign of potential… Read More
Coinbase Ventures, the investment arm of crypto exchange Coinbase (COIN), said it had backed Ethena (ENA), buying the protocol’s token on the open market as the two firms prepare to launch a new onchain savings product for the exchange’s more than 100 million users. Ethena… Read More
Franklin Templeton is expanding its digital asset strategy through a new partnership with MoonPay that will allow institutional investors to move between stablecoins and the asset manager’s tokenized money market fund through an onchain workflow. The integration connects Franklin Templeton’s Benji Technology Platform with MoonPay… Read More
XRP finally lost the $1.30 area traders had been defending for weeks, and the breakdown came on the heaviest volume of the session. Tokens continue leaving exchanges, which normally points to accumulation, but the market is still treating rallies as selling opportunities, leaving price stuck… Read More
Keyrock, a Brussels-based digital asset services firm, is in the process of acquiring bankrupt crypto trading and lending firm Blockfills, according to two people with knowledge of the matter. A Keyrock spokesperson told CoinDesk that the acquisition is subject to court approval. According to a… Read More
